Finnair Aircraft Finance Oy, Finnair’s fleet management subsidiary, has signed a Memorandum of Understanding with Infinity Aviation Capital, a US-based aircraft leasing company, on the sale of three Embraer 170 aircraft to affiliates of Infinity Aviation Capital. The value of the arrangement is approximately US$40m, and the transactions are expected to close in the second
Boeing and Lufthansa celebrated the delivery of the German airline’s 75th 747 on April 30th. Lufthansa is the launch customer for the 747-8 Intercontinental jetliner and took delivery of the first one in April 2012. The airplane delivered Wednesday is Lufthansa’s 13th 747-8 Intercontinental. The airline currently flies the 747 to 22 destinations in 10
Spirit AeroSystems reported first quarter 2014 financial results demonstrating continued robust demand for large commercial aircraft and strong mature program operating performance. Spirit’s first quarter 2014 revenues were $1.7bn, up from $1.4bn for the same period of 2013 on higher production volumes and four additional workdays in the quarter. Operating income was $194m, up from
AFI KLM E&M and Air China Technics jointly expressed their intention to extend the scope of their cooperation in the aircraft maintenance sphere. The initiative is part of a partnership and exchange program between the two parties. Under the terms of the agreement, the AIR FRANCE KLM group will see one of its Boeing 747-400s
AJW Aviation launched a bespoke, state-of-the-art barcode scanning App to complement their successful consumables consignment solution. The AJW Group has invested heavily in the eradication of inefficiencies within the supply chain and this barcode scanning solution brings customers one step closer to fully automated consumables inventory management. In tandem with this, AJW announced a new
Direct Maintenance has received EASA Part-145 certification from its regulatory body to perform line maintenance services on B787 aircraft, including Release to Service. This latest Direct Maintenance Scope of Work extension with B787 follows the addition of the A380 in 2012 and the B747-8 in 2013. B787 launching airline for Direct Maintenance is long standing
Dassault Aviation has joined the main center fuselage subassemblies of the Falcon 5X, a key milestone in the production program for this innovative new large cabin twinjet. The center fuselage subassemblies – the front and rear lower subassemblies and the upper subassembly – are part of the main center section, which includes the cabin and
Aerostar S.A the leading Romanian aerospace company has recorded another successful financial year, with turnover up 8% in 2013, exports increased from 71% to 86% of turnover, and profits stable. Investment in plant and machinery also increased and employment rose by over 300 people to reach a total of nearly 1900. Building on its strategy
Portuguese operator Hi Fly has selected Flight Focus to provide a wireless in-flight entertainment system for its fleet of Airbus A330-200/300 aircraft. The airline and wet lease provider is taking a lead position among European charter operators and will offer wireless in-flight entertainment across their entire fleet. The solution will enhance the passenger experience by
Bombardier Aerospace’s revenues amounted to $2.1bn for the three-month period ended March 31, 2014, compared to $2.3bn for the same period last fiscal year. EBIT totalled $93m or 4.5% of revenues for the first quarter, compared to $101m, or 4.5%, last fiscal year. EBIT before special items totalled $105m, or 5.0% of revenues, for the
